Two Benefits of a Geothermal System
1. Operating Cost – While the initial cost of installing a geothermal system can be expensive the return on investment is well worth it. It is estimated that a geothermal system can pay for itself within 5-7 years. “A geothermal heating system operates more efficiently than a conventional system because they can deliver an astounding four units of energy for every one unit of electrical energy used. That translates into an efficiency rating of 400%, compared to the most efficient gas furnace, which rates only 94%.” Many homeowners have seen as much as a 70% savings in energy costs after they install a geothermal system. Not only could you save on your energy bill you would also be eligible for a 30% federal tax credit. Homeowners who install a geothermal system in 2009 - 2016 will receive a federal tax credit of 30% of the total investment. For example if the cost to install the system is $10,000 then a tax credit will be issued for $3,000.00. So not only are you saving money on operating costs you are also receiving money back from the government! Can’t get much better than that!
2.Environmentally Friendly – According to the Department of Energy, geothermal systems are the most environmentally friendly way to heat and cool your home. A geothermal system emits no carbon dioxide, carbon monoxide or other greenhouse gasses that are known to pollute the air. A geothermal system also completely eliminates the heating system as a potential source of carbon monoxide in your home. With the addition of high efficiency air cleaners, you will have a high level of indoor air quality. A geothermal system is environmentally friendly as well as a safe and healthy alternative to conventional heating and cooling systems.
